Examlex
Innovation is at the heart of an entrepreneurial mindset and important to success. However, what if a person does not tend to be creative? Should that person not consider forming an SME? What approaches can follow that will likely enable such a person to be more innovative than would otherwise have been the case?
Shortage
A condition where the demand for a product exceeds its supply in the market.
Ceiling Price
Ceiling price is a legally imposed maximum price on goods or services, above which transactions cannot legally occur, often implemented to prevent price gouging during shortages.
Maintenance
The upkeep and repair of machinery, equipment, and buildings to ensure their optimum working condition.
Shortage
A market condition occurring when the demand for a product or service exceeds the supply available at a specific price.
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